Entropy Technologies LP Purchases Shares of 6,044 Plexus Corp. (NASDAQ:PLXS)

Entropy Technologies LP purchased a new position in shares of Plexus Corp. (NASDAQ:PLXS - Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 6,044 shares of the technology company's stock, valued at approximately $826,000.

Other large investors also recently modified their holdings of the company. American Century Companies Inc. raised its stake in Plexus by 204.3% during the 2nd quarter. American Century Companies Inc. now owns 158,032 shares of the technology company's stock worth $16,306,000 after buying an additional 106,103 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of Plexus by 8.8% in the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,079,340 shares of the technology company's stock worth $111,366,000 after purchasing an additional 87,574 shares in the last quarter. Westfield Capital Management Co. LP grew its position in Plexus by 28.8% in the 1st quarter. Westfield Capital Management Co. LP now owns 384,248 shares of the technology company's stock valued at $36,434,000 after purchasing an additional 85,986 shares during the period. Vanguard Group Inc. raised its holdings in Plexus by 2.2% during the first quarter. Vanguard Group Inc. now owns 3,515,866 shares of the technology company's stock worth $333,374,000 after buying an additional 74,988 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in shares of Plexus by 158.0% in the third quarter. Assenagon Asset Management S.A. now owns 82,575 shares of the technology company's stock valued at $11,289,000 after buying an additional 50,564 shares in the last quarter. Institutional investors and hedge funds own 94.45% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. StockNews.com lowered shares of Plexus from a "buy" rating to a "hold" rating in a report on Wednesday, November 6th. Needham & Company LLC boosted their target price on Plexus from $144.00 to $162.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. Benchmark upped their price objective on Plexus from $150.00 to $165.00 and gave the company a "buy" rating in a research note on Monday, October 28th. Finally, KeyCorp initiated coverage on Plexus in a research report on Tuesday, October 22nd. They set a "sector weight" rating for the company. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $133.50.

Insider Buying and Selling

In other news, CEO Todd P. Kelsey sold 2,000 shares of the business's stock in a transaction on Monday, August 19th. The shares were sold at an average price of $125.00, for a total transaction of $250,000.00. Following the completion of the transaction, the chief executive officer now directly owns 85,026 shares in the company, valued at $10,628,250. The trade was a 2.30 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Victor (Pang Hau) Tan sold 1,000 shares of the company's stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $127.50, for a total transaction of $127,500.00. Following the completion of the transaction, the insider now directly owns 8,605 shares in the company, valued at approximately $1,097,137.50. The trade was a 10.41 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,552 shares of company stock valued at $5,500,872. Company insiders own 2.39% of the company's stock.

Plexus Stock Performance

NASDAQ:PLXS traded down $0.58 during trading hours on Friday, reaching $153.13. The stock had a trading volume of 133,595 shares, compared to its average volume of 131,892. Plexus Corp. has a 12-month low of $90.18 and a 12-month high of $169.41. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.71 and a current ratio of 1.51. The stock has a 50 day simple moving average of $138.77 and a 200 day simple moving average of $121.79. The stock has a market cap of $4.17 billion, a P/E ratio of 38.33 and a beta of 0.87.

Plexus (NASDAQ:PLXS - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The technology company reported $1.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.55 by $0.30. The business had revenue of $1.05 billion for the quarter, compared to analysts' expectations of $1.01 billion. Plexus had a return on equity of 9.51% and a net margin of 2.82%. The firm's quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.44 EPS. On average, research analysts forecast that Plexus Corp. will post 6.13 EPS for the current fiscal year.

About Plexus

Plexus Corp. provides electronic manufacturing services in the United States and internationally. It offers design, develop, supply chain, new product introduction, and manufacturing solutions, as well as sustaining services to companies in the healthcare/life sciences, industrial/commercial, aerospace/defense, and communications market sectors.